Covid-19, coronavirus, hits markets

21 July, 2020

Covid-19: FRC urges companies to provide ‘more extensive disclosures’

The campaign for companies to fully report the impact of Covid-19 on their performance continues. A report from the Financial Reporting Council (FRC) published this week sees the regulator “remindin...
Magnifying glass on audit documents

14 July, 2020

FRC scrutiny of audit quality reveals “unacceptable” level of issues

There is fresh criticism of auditors this week, as regulators report a third of audits inspected during the past year required a level of improvement that is “unacceptable”. Audit firms have al...
Audit separation

6 July, 2020

FRC issues principles for separation of audit from other services

A landmark in the reform of the UK audit market has been reached with the Big Four firms put on notice that the “operational separation” of audit from other services must take place by the end of ...
financial disclosures during covid pandemic

17 June, 2020

FRC urges ‘clear and timely’ disclosures on company prospects

UK corporates facing a significant recession have been warned their financial disclosures must fully recognise the risks to their survival. Investors expect painful transparency for company prospects,...
Covid-19, coronavirus, hits markets

22 May, 2020

FRC urges companies to provide ‘full disclosure’ of survival prospects

UK companies are under notice to be transparent about their prospects for survival as a result of the Covid-19 crisis. The warning comes from the
auditor

22 April, 2020

‘Going concern’ regulation puts firms and auditors under the microscope

"A clean bill of health"—the much sought-after words for billions of people around the world during the coronavirus pandemic. Throughout these unprecedented times, there has been and will continu...
City of London, financial, banking

26 March, 2020

FRC warns firms to be candid about prospects of corporate failure

The UK’s financial reporting regulator expects more companies to report “material uncertainties” about their future prospects in the coming reporting season and warned companies to be clear abou...
AGMs

18 March, 2020

Regulators offer guidance on AGMs amid Covid-19 pandemic

The Covid-19 pandemic is forcing companies to rethink arrangements for their annual general meetings (AGMs) as UK residents come to terms with advice to avoid “mass gatherings”. A partnership o...
City of London

10 March, 2020

FRC chief indicates support for a UK version of Sarbanes-Oxley

The UK’s leading corporate governance regulator has raised the prospect of new US-style laws that would force finance directors and chief executives to personally attest to the veracity of their int...
sustainability reporting, ESG, CSR

6 March, 2020

Investment Association calls for better climate risk reporting

More pressure is on the way for companies over climate risk reporting. The Investment Association (IA), a professional bo...